The WACC of Lincoln National Corp (LNC) is 7.2%.
| Range | Selected | |
| Cost of equity | 8.20% - 12.40% | 10.30% |
| Tax rate | 13.30% - 18.00% | 15.65% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.2% - 8.2% | 7.2% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.93 | 1.34 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.20% | 12.40% |
| Tax rate | 13.30% | 18.00% |
| Debt/Equity ratio | 1.02 | 1.02 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.2% | 8.2% |
| Selected WACC | 7.2% | |